RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) are electronic payment systems used for transferring funds from one bank to another in India. Here's a detailed description of our RTGS and NEFT services:
RTGS (Real Time Gross Settlement):
RTGS is a funds transfer mechanism where transfer of money takes place from one bank to another on a real-time basis. This means that the transactions are processed continuously throughout the working hours of the bank. RTGS is primarily used for high-value transactions as there is no minimum or maximum limit imposed for funds transfer. At Santhanpara Co-operative Bank, we offer RTGS services to facilitate seamless and instant transfer of funds for our customers, ensuring secure and reliable transactions.
Key features of our RTGS services:
- Real-time processing: Enjoy instantaneous transfer of funds between banks during working hours.
- High-value transactions: Transfer funds of any amount without any upper limit, making RTGS ideal for large transactions.
- Secure transactions: Benefit from a highly secure and robust platform that ensures the safety of your funds.
NEFT (National Electronic Funds Transfer):
NEFT is another electronic funds transfer system used in India. Unlike RTGS, NEFT operates in hourly batches and settles transactions at specific intervals during the day. NEFT is suitable for both small and large value transactions, making it a convenient option for individuals and businesses alike. At Santhanpara Co-operative Bank, we provide NEFT services to enable hassle-free and efficient transfer of funds for our customers.
Key features of our NEFT services:
- Scheduled transfers: Transfer funds in hourly batches throughout the working hours of the bank.
- Suitable for all transactions: Whether you need to transfer a small amount or a large sum, NEFT offers flexibility for all types of transactions.
- Convenient and reliable: Rely on our NEFT services for secure and timely transfer of funds to any bank account in India.
How to avail RTGS/NEFT services:
To avail our RTGS/NEFT services, simply visit any of our branches or access our online banking platform. Our dedicated staff will guide you through the process and ensure that your funds are transferred swiftly and securely to the desired account.
Experience the convenience and efficiency of our RTGS/NEFT services at Santhanpara Co-operative Bank, your trusted partner for all your banking needs.
